Crypto analyst Subcontinent

Here’s the reasoning behind my $FIS 1.7 target:

1. Long-Term Structure (1M & 1D)
FIS has been in a prolonged downtrend since its all-time high near 4.88, finding a multi-year low at 0.0738.
The recent price action shows a base formation around 0.073–0.11, with the latest higher lows signaling accumulation.
Historically, after such base-building phases, FIS has seen explosive upside moves.

2. Medium-Term Price Action (4H & 1H)
Current support is established at 0.113–0.114, repeatedly defended by buyers.
MA5 is flattening above MA10, hinting at a bullish crossover setup.
The order book shows consistent buy-side dominance (52–54% buy pressure), indicating accumulation in the current range.

3. Volume Analysis
We’ve seen spikes in buy volume during upward moves — a common sign of whale or institutional accumulation.
Even in short-term pullbacks, sell volume remains weaker compared to buy volume on rallies, confirming demand strength.

4. Fibonacci Extension Targets
Using the Fibonacci extension from the last significant swing low (0.0738) to the local high (0.2962), the 1.618 extension projects resistance at ~1.65–1.72.
This zone aligns with previous historical resistance levels, making it a realistic medium-term target.

5. Sentiment & Catalysts
On-chain metrics and market sentiment around FIS are improving, supported by renewed activity in related projects.
Broader market structure in altcoins shows readiness for a relief rally / bull leg, which could help FIS outperform.

Conclusion:
If the current support holds and buying pressure continues, FIS can break its immediate resistances at 0.125 → 0.16 → 0.25, eventually targeting 1.7 in a mid-term rally. This will require momentum sustainability and no major macro bearish events."**
#Degousdt #BullRunAhead #WCT